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Nissan’s Palmer Leaves Amid Report He’ll Become Aston Martin CEO

Nissan Motor Co. executive Andy Palmer has left the Japanese carmaker amid a report that he’ll become the next chief executive officer at luxury sports car maker Aston Martin. Photographer: Yuriko Nakao/Bloomberg
Nissan Motor Co. executive Andy Palmer has left the Japanese carmaker amid a report that he’ll become the next chief executive officer at luxury sports car maker Aston Martin. Photographer: Yuriko Nakao/Bloomberg

Sept. 2 (Bloomberg) -- Nissan Motor Co. executive Andy Palmer has left the Japanese carmaker amid a report that he’ll become the next chief executive officer at luxury sports car maker Aston Martin.

Philippe Klein from Renault SA will replace Palmer as chief planning officer from Sept. 15, Carlos Ghosn, CEO at both Nissan and Renault, said in a statement today. Klein, who headed product planning at Renault, will report to Ghosn.

For Klein, it’s the third time he’s been assigned to the Japanese company since Renault and Nissan formed an alliance, according to the statement. Aston Martin representatives weren’t immediately available for comment.

Nissan shares climbed 0.9 percent to close at 1,006.5 yen before the announcement. The Financial Times earlier reported Palmer’s departure to Aston Martin.

To contact the reporters on this story: Yuki Hagiwara in Tokyo at yhagiwara1@bloomberg.net; Ma Jie in Tokyo at jma124@bloomberg.net

To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net Frank Longid

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